Nomura Asset Management Co. Ltd. raised its position in shares of Hanesbrands Inc. (NYSE:HBI) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,750 shares of the textile maker’s stock after buying an additional 4,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hanesbrands were worth $1,033,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Strs Ohio increased its stake in Hanesbrands by 0.7% in the first quarter. Strs Ohio now owns 482,948 shares of the textile maker’s stock valued at $10,026,000 after buying an additional 3,571 shares in the last quarter. Vanguard Group Inc. increased its stake in Hanesbrands by 6.2% in the first quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock valued at $767,336,000 after buying an additional 2,158,679 shares in the last quarter. M. Kraus & Co purchased a new stake in Hanesbrands during the first quarter valued at about $2,537,000. Farmers & Merchants Investments Inc. increased its stake in Hanesbrands by 104.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 177,162 shares of the textile maker’s stock valued at $3,678,000 after buying an additional 90,511 shares in the last quarter. Finally, Allianz Asset Management AG increased its stake in Hanesbrands by 6.9% in the fourth quarter. Allianz Asset Management AG now owns 21,867 shares of the textile maker’s stock valued at $471,000 after buying an additional 1,404 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.
Hanesbrands Inc. (HBI) traded up 1.36% during mid-day trading on Tuesday, reaching $24.62. The company’s stock had a trading volume of 7,161,097 shares. The firm has a market capitalization of $9.01 billion, a PE ratio of 16.13 and a beta of 0.73. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $28.24. The stock’s 50-day moving average is $22.99 and its 200-day moving average is $21.64.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Hanesbrands’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Hanesbrands Inc. will post $1.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. Hanesbrands’s payout ratio is presently 39.47%.
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Several equities research analysts recently issued reports on the company. FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a report on Saturday, April 15th. Zacks Investment Research raised Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday. UBS AG reissued a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Hanesbrands in a research note on Tuesday. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Hanesbrands has a consensus rating of “Buy” and a consensus target price of $27.57.
In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gerald Evans sold 43,379 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the completion of the transaction, the chief executive officer now directly owns 1,056,314 shares in the company, valued at $24,485,358.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,329 shares of company stock worth $3,016,617. Insiders own 1.10% of the company’s stock.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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